Amelia Resources LLC Offers 400,000 Net Acres in the Louisiana Austin Chalk & Lams Stack Play at the Nape Summit

Source Press Release
Company Amelia Resources LLC 
Tags Tight Gas & Liquids, Shale Oil, Shale Gas, Tuscaloosa Marine, Upstream Activities, Assets for Sale
Date February 11, 2019

Amelia Resources LLC announces the offering of 400,000 net acres in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit.

Amelia Resources announced today that it will be offering 400,000 net acres for sale in the Louisiana-Mississippi Austin Chalk and LAMS Stack Play at the NAPE Summit in Houston, Texas, February 13.

Amelia's President, Kirk Barrell, said, "EOG, ConocoPhillips, and Marathon are leading the industry into this emerging unconventional play. With comparable rock properties to the successful Austin Chalk completions in Texas, our acreage package presents the opportunity for a new entrant to obtain a leadership position in the play.”

With 28 years of evaluation experience in the Tuscaloosa Trend, Amelia Resources has performed extensive evaluation of multiple targets including the Selma, Austin Chalk, TMS, Tuscaloosa, Wilcox, Frio, and Lower Cretaceous.

Barrell stated, "As a thick source rock across the Tuscaloosa Trend, the Austin Chalk presents a large hydrocarbon resource occurring only 800’ above the Tuscaloosa Marine Shale (TMS). With a new TMS initial test of 1458 barrels of oil equivalent per day at a cost of $10.3 million, these stacked formations present an excellent opportunity to leverage multiple targets.”

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd